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March 15, 2001 | LESLIE EARNEST, TIMES STAFF WRITER
CKE Restaurants Inc., in an ongoing attempt to reduce debt, said Wednesday that it will sell its Taco Bueno unit for $72.5 million to Jacobson Partners, a closely held New York investment firm. Anaheim-based CKE, which also operates the Carl's Jr. and Hardee's fast-food hamburger chains, said proceeds from the cash sale should shave its debt, which once stood at a whopping $300 million, to less than $100 million.
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BUSINESS
March 15, 2001 | LESLIE EARNEST, TIMES STAFF WRITER
CKE Restaurants Inc., in an ongoing attempt to reduce debt, said Wednesday that it will sell its Taco Bueno unit for $72.5 million to Jacobson Partners, a closely held New York investment firm. Anaheim-based CKE, which also operates the Carl's Jr. and Hardee's fast-food hamburger chains, said proceeds from the cash sale should shave its debt, which once stood at a whopping $300 million, to less than $100 million.
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BUSINESS
June 14, 2001 | Associated Press
CKE Restaurants Inc. said Wednesday it expects a "substantial" loss in its fiscal first quarter, primarily from restaurant closings and the sale of its Taco Bueno chain to a private investment group. CKE lost $2.45 million a year ago. The struggling Anaheim company, which operates Hardee's and Carl's Jr. fast-food chains, agreed in March to sell its Taco Bueno restaurants for $72.5 million to an affiliate of Jacobson Partners, a private equity buyout firm.
BUSINESS
June 27, 2001 | From Bloomberg News
CKE Restaurants Inc., which owns the Hardee's and Carl's Jr. hamburger chains, said Tuesday its loss widened dramatically in its fiscal first quarter and its second quarter also will be a losing one. The Anaheim company attributed the losses mainly to costs in closing and selling restaurants. The loss for the quarter ending May 21 grew to $37.1 million, or 74 cents a share, from last year's first-quarter loss of $2.45 million or 5 cents a share, the company said. Sales fell 19% to $471.
ENTERTAINMENT
April 2, 2004 | Robin Abcarian, Times Staff Writer
The heartthrob potential is there, definitely. It's in the full head of dark brown hair, the easy laugh, the dreamy stock portfolio. But let's not be shallow. Christopher Heinz, after all, is a grown man, a 31-year-old investment banker whose stepfather, Sen. John F. Kerry, is running for president. A Yale graduate who majored in history, Heinz cares deeply about the environment, the polarization of wealth in this country and ... he's tall. Smart. And funny. Did we mention rich and single?
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